MasTec, Inc. (NYSE:MTZ - Get Free Report) Director Ernst N. Csiszar sold 2,517 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $131.63, for a total value of $331,312.71. Following the sale, the director now owns 23,000 shares of the company's stock, valued at $3,027,490. This trade represents a 9.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
MasTec Stock Down 4.6 %
Shares of MTZ stock opened at $122.75 on Thursday. MasTec, Inc. has a 12 month low of $82.29 and a 12 month high of $166.95. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The firm has a market cap of $9.73 billion, a PE ratio of 109.60 and a beta of 1.74. The stock has a 50 day moving average of $134.26 and a 200-day moving average of $133.24.
MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.08. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. On average, equities analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts have commented on MTZ shares. Robert W. Baird decreased their target price on shares of MasTec from $162.00 to $153.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. KeyCorp lifted their price objective on MasTec from $153.00 to $168.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. Guggenheim reiterated a "buy" rating and set a $195.00 price target on shares of MasTec in a report on Tuesday. Stifel Nicolaus reduced their target price on shares of MasTec from $185.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, B. Riley restated a "buy" rating and set a $165.00 price target (up previously from $151.00) on shares of MasTec in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MasTec currently has an average rating of "Moderate Buy" and a consensus price target of $160.07.
Get Our Latest Analysis on MTZ
Hedge Funds Weigh In On MasTec
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of MasTec during the third quarter valued at approximately $25,000. Ameliora Wealth Management Ltd. bought a new position in shares of MasTec during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its position in shares of MasTec by 181.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares in the last quarter. Colonial Trust Co SC increased its stake in MasTec by 335.7% in the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock valued at $25,000 after acquiring an additional 141 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in MasTec by 93.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after purchasing an additional 128 shares during the period. 78.10% of the stock is currently owned by institutional investors.
About MasTec
(
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MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.
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